{"id":2,"date":"2021-11-29T08:47:00","date_gmt":"2021-11-29T08:47:00","guid":{"rendered":"https:\/\/www.kredx.com\/hsncode\/?page_id=2"},"modified":"2023-06-02T09:37:44","modified_gmt":"2023-06-02T09:37:44","slug":"sample-page","status":"publish","type":"page","link":"https:\/\/gtx.kredx.com\/hsncode\/","title":{"rendered":"HSN Code And GST Percentage List"},"content":{"rendered":"\r\n

What is HSN Code?<\/strong><\/span><\/h2>\r\n\r\n\r\n\r\n

HSN code full form<\/strong>– Harmonized System of Nomenclature is a globally accepted product coding system. The World Customs Organization (WCO) introduced this 6-digit code in 1988 as a global standard for classifying goods. It categorises over 5000 products and is crucial for taxation purposes.\u00a0<\/p>\r\n\r\n\r\n\r\n

India has been using HSN codes for a long time to classify various commodities for Customs and Central Excise. People use these codes in Customs tariff and for filing GST. Today, businesses must include HSN in B2B (business-to-business) and B2C (business-to-consumer) invoices for supplies of goods and services.<\/p>\r\n

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Structure Of HSN Code<\/strong><\/h6>\r\n

How Does The HSN Code Work?<\/span><\/strong><\/h2>\r\n

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The HSN codes contain 21 sections, within which there are 99 chapters, approximately 1,244 headings and 5,224 subheadings. Thus, each section number is divided into chapters, which are further divided into headings and subheadings. The sections and chapters describe a specific product while the other two divisions provide more details about it.<\/p>\r\n

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For example, there is a particular product with the HSN- 62.13.90. Let us see what product it refers to using the HSN code<\/strong>–<\/p>\r\n

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  • The first two digits (62) refer to the chapter number for clothing and apparel accessories that are not knitted\/crocheted.<\/li>\r\n
  • After that, (13) refers to a specific article of clothing, i.e. handkerchiefs.<\/li>\r\n
  • The following two digits (90) refer to the fact that this handkerchief is made from textile fibres.<\/li>\r\n<\/ul>\r\n